Alert: Form 1042 Electronic Filing Requirement for tax year 2025

Qualified Intermediaries News February 20, 2026
Useful Links IRS.gov Qualified Intermediary Home FATCA Home Other Useful Links About Form 1042 Form 1042 Modernized e-File (MeF) About Form 1042-S IRS Guidance	Issue Number:    2026-02 Alert: Form 1042 Electronic Filing Requirement for tax year 2025 Qualified Intermediaries (QIs), Withholding Foreign Partnerships (WPs) and Withholding Foreign Trusts (WTs), that are required to file Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons, and that meet certain criteria (see below), must file Form 1042 for tax year 2025 electronically via the Modernized E-file (MeF) platform. IRS Notice 2024-26, which previously provided an administrative exemption from the requirement to electronically file Forms 1042, has expired. As a result, withholding agents that are required to file Form 1042 and that meet the electronic filing criteria must submit Form 1042 electronically. Electronic filing of Form 1042 is required if: Withholding agent is a financial institution for FATCA purposes; Withholding agent is required to file 10 or more information returns, as described in Regulations section 301.6011-2, during the year; or Withholding agent is a partnership with more than 100 partners. To file Form 1042 via MeF, taxpayers can: File directly with the IRS by registering with the IRS e-file program if requirements are met. See E-file for tax professionals. Use IRS-approved commercial tax software or file through an authorized e-file provider that supports Form 1042. See 1042 Modernized e-File (MeF) providers. For more information about electronic filing via MeF, see: Modernized e-File (MeF) program information Publication 4163, Modernized e-File (MeF) Information for Authorized IRS e-File Providers for Business Returns Publication 4164, Modernized e-File (MeF) Guide for Software Developers and Transmitters Publication 5446, MeF Submission Composition Guide Back to Top Thank you for subscribing to the Qualified Intermediaries e-mail list, an IRS e-mail service. If you know someone who might want to subscribe to this mailing list, please forward this message to them so they can subscribe. This message was distributed automatically from the Qualified Intermediaries mailing list. Please Do Not Reply To This Message. To subscribe to or unsubscribe from another list, please go to the Main Subscription Page on the IRS.gov web site.

 

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